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A festive look forward to 2014

Rob Barnard - Aldermore

A festive look forward to 2014

Christmas is just around the corner, and I’ve swapped my crystal ball for a more festive snow globe, in order to predict what 2014 holds for the mortgage market.

21 Nov 2013

Hope Capital completes largest bridging deal

Hope Capital completes largest bridging deal

Celebrations are continuing at Hope Capital, the entrepreneurial short term property bridging finance company, as it has completed its largest bridging deal to date.

21 Nov 2013

Help to Buy sparks post-crash homebuilding record

Mortgages

Help to Buy sparks post-crash homebuilding record

Figures released today by CLG show how the Government’s Help to Buy Equity Loan scheme is driving new home building activity.

21 Nov 2013

Birchall Blackburn join Broker Conveyancing panel

Legal

Birchall Blackburn join Broker Conveyancing panel

Broker Conveyancing, the broker-focused conveyancing distributor, has today added Birchall Blackburn Law to its solicitor firm panel.

21 Nov 2013

Genworth appoints new mortgage insurance manager

Protection

Genworth appoints new mortgage insurance manager

Genworth, the provider of mortgage insurance products across the globe, has today announced the appointment of Tim Rooney as its new Country Manager for Mortgage Insurance in Germany.

21 Nov 2013

Help to Buy 2 eclipses its predecessor in terms of awareness

Mortgages

Help to Buy 2 eclipses its predecessor in terms of awareness

The early launch of the Help to Buy mortgage guarantee has seen it overtake Help to Buy equity loans in terms of public awareness, according to new findings from Mortgage Advice Bureau,

21 Nov 2013

IFAs take stand against pension liberation schemes

Retirement

IFAs take stand against pension liberation schemes

Pension liberation schemes are increasingly targeting IFAs’ clients, yet a majority of advisers want providers to refuse to transfer out a client’s funds if they suspect the reason for the request is pension liberation, according to Liberty SIPP.

20 Nov 2013

Bridging splits into 'a tale of two markets'

Bridging splits into 'a tale of two markets'

Bridging is splitting into two distinct markets and the industry must acknowledge it serves two very different sorts of customer, says Fincorp.

20 Nov 2013

Gross mortgage lending at highest level since 2008

Mortgages

Gross mortgage lending at highest level since 2008

The Council of Mortgage Lenders estimates that total gross mortgage lending increased to £17.6 billion in October, representing a rise of 9% from £16.2 billion in September and 37% higher than the total of £12.9 billion in October last year.

20 Nov 2013

Santander enhances BTL criteria

Mortgages

Santander enhances BTL criteria

Santander for Intermediaries has today announced further improvements to its Buy to Let lending criteria.

20 Nov 2013

 

UK's biggest range of 95% mortgages launched by Yorkshire BS Group

Mortgages

UK's biggest range of 95% mortgages launched by Yorkshire BS Group

Yorkshire Building Society Group has today launched new 95% loan to value mortgages to help people with small deposits and equity sums, with competitive rates starting from 4.59%.

20 Nov 2013

The Cambridge cuts rates & launches 3-year fix

Mortgages

The Cambridge cuts rates & launches 3-year fix

The Cambridge Building Society has announced today that it is reducing rates on three of its current mortgage products in its residential range and that it is launching a new three year fixed rate product for intermediaries.

20 Nov 2013

Masthaven Secured Loans announces 1% rate drop

Masthaven Secured Loans announces 1% rate drop

Masthaven Secured Loans has launched a simplified product range and reduced key rates by as much as 1%.

20 Nov 2013

Insurance industry to drive out 'ghost' brokers that cost millions a year

Protection

Insurance industry to drive out 'ghost' brokers that cost millions a year

‘Ghost’ car insurance brokers have become a spectre that is thought to cost the insurance industry tens of millions of pounds every year, leaving thousands of drivers without cover.

20 Nov 2013

Secured lending hits £50m for first time since 2009

Secured lending hits £50m for first time since 2009

The Secured Loan Index shows second charge lending has exceeded £50,000,000 for the first time since 2009.

20 Nov 2013

Natwest to reduce early repayment charges

Mortgages

Natwest to reduce early repayment charges

NatWest will be reducing the early repayment charges (ERCs) payable on its 2 and 3 year fixed rate and 18 month and 2 year tracker deals for purchase and remortgage, across its residential and buy-to-let intermediary range from tomorrow.

19 Nov 2013

Speed of home sales picks up - to just eight weeks

Mortgages

Speed of home sales picks up - to just eight weeks

On average it now takes just over eight weeks (58 days) to sell a home in the UK - 11 days less than one year ago - according to a new 'City Rate of Sale' report by Post Office Mortgages.

19 Nov 2013

'Alternative' funding now part of the mainstream, argues lender

'Alternative' funding now part of the mainstream, argues lender

borro, the personal asset lender, believes that the days when there was a gap between conventional and alternative lending sources are numbered.

19 Nov 2013

Bridging lending up over £100m this quarter

Bridging lending up over £100m this quarter

Bridging lending is up significantly, both in terms of the value and the number of bridging loans lent.

19 Nov 2013

Mortgage overpayments top more than £9bn in a year

Mortgages

Mortgage overpayments top more than £9bn in a year

Mortgage holders are collectively making more than £9 billion in mortgage overpayments per year, according to new research from Santander Mortgages.

19 Nov 2013

Average LTVs hit five-year high as mortgage activity surges

Mortgages

Average LTVs hit five-year high as mortgage activity surges

The early launch of the Help to Buy mortgage guarantee prompted a surge of activity from lenders and borrowers across the market during October, according to the National Mortgage Index from MAB.

19 Nov 2013

New UK peer-to-peer lender launches

New UK peer-to-peer lender launches

Wellesley & Co is delighted to announce that it has launched the UK’s first peer to peer lending platform that uses its own money to fund every loan agreed with its borrowers pending its lender clients participating in those loans.

18 Nov 2013

Investment indecision an opportunity for financial advisers

Savings & Investments

Investment indecision an opportunity for financial advisers

AXA’s latest Big Money Index, which provides an overview of the wealth and financial confidence of consumers, has shown that nearly half (43%) of people are unsure of where to save or invest their money to achieve a decent return.

18 Nov 2013

Three mortgage interest rate cuts by Hinckley & Rugby

Mortgages

Three mortgage interest rate cuts by Hinckley & Rugby

Hinckley & Rugby Building Society has cut the interest rate on three mortgages.

18 Nov 2013

Two thirds of FTBs get help from family when saving for a deposit

Mortgages

Two thirds of FTBs get help from family when saving for a deposit

New research from Clydesdale and Yorkshire Banks today revealed that parents still have an important role to play for first time buyers, with almost two thirds receiving help in saving a deposit for their first property.

18 Nov 2013

Help to Buy 2 fails to boost pre-Christmas market - but recovery continues

Mortgages

Help to Buy 2 fails to boost pre-Christmas market - but recovery continues

According to the latest data from Rightmove, the underlying recovery of the housing market continues despite a lack of obvious impact from the second stage of Help to Buy.

18 Nov 2013

PMS & Sesame team up with Precise for 80% LTV products

Mortgages

PMS & Sesame team up with Precise for 80% LTV products

PMS members and appointed representatives of Sesame now have exclusive access to a range of 80% LTV products designed for clients who have a low credit score or may have current and past credit issues.

18 Nov 2013

Downsizing gains popularity as homemovers make up to £272,000

Mortgages

Downsizing gains popularity as homemovers make up to £272,000

A new report from Lloyds Bank shows that downsizing continues to be a strong driver of property sales, with almost half (45%) of homeowners planning to sell their property in the next three years saying they’d like to downsize.

18 Nov 2013

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